Anglo American (OTCMKTS:NGLOY) Short Interest Update

Anglo American (OTCMKTS:NGLOY – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 103,621 shares, a drop of 41.5% from the August 15th total of 177,223 shares. Based on an average trading volume of 621,477 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

NGLOY has been the topic of several recent analyst reports. Berenberg Bank set a $28.00 price objective on shares of Anglo American and gave the company a “hold” rating in a research report on Thursday, June 18th. Freedom Capital cut shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Barclays reiterated an “overweight” rating on shares of Anglo American in a report on Tuesday, July 7th. Zacks Research lowered shares of Anglo American from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Scotiabank initiated coverage on shares of Anglo American in a report on Tuesday, September 8th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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Anglo American Stock Up 2.6%

Anglo American stock opened at $26.80 on Friday. Anglo American has a one year low of $17.09 and a one year high of $29.61. The business’s fifty day moving average is $26.42 and its 200 day moving average is $25.10. The company has a quick ratio of 1.54, a current ratio of 1.98 and a debt-to-equity ratio of 0.60.

About Anglo American

(Get Free Report)

Anglo American plc is a global mining company headquartered in London, England. Its portfolio is centered on copper, premium iron ore and crop nutrients, with operations and development projects spanning Africa, Australia, South America and the United Kingdom. The company produces raw materials used in infrastructure, manufacturing, transportation, agriculture and the energy transition.

Anglo American’s copper business includes mines in Chile and Peru, while its iron ore operations include Kumba Iron Ore in South Africa and Minas-Rio in Brazil.

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